East Fife have released 13 players and parted company with assistant boss Paul Hegarty in the wake of their relegation to League Two.
The Methil men held a 2-1 lead from the first leg against Stirling Albion, but slumped to a 2-0 defeat at home on Sunday to lose 3-2 on aggregate.
Boss Gary Naysmith has now wielded the axe to his squad with Liam Buchanan, Pat Clarke, David Cowan, Scott Durie, Bruce Inkango, Craig Johnstone, Marc McKenzie, Joe Mbu, Scott McBride, Greg Paterson, Ryan Stewart, Johnny Stewart and Gary Thom all being released by the club.
In a statement, East Fife also said: “We did try to agree a deal to keep Gary Fisher at the club but this failed and therefore Gary will also be leaving us.
“An offer has been made to Cyrus Moosavi and we are awaiting his response. The club feel it is only right we try to stand by him as he recovers from a serious injury.
“We can confirm that assistant manager, Paul Hegarty has also left the club.
“We would like to take this opportunity to wish Paul and all the players the very best for the future.”
Meanwhile, Courier Sport understands that East Fife could be set to make a move for former Raith Rovers skipper Allan Walker.
The midfielder joined Brechin City last summer but was freed by the Angus side at the end of the season.